Pathfinder Minerals Plc Issue of Equity (6283Q)
December 01 2016 - 2:00AM
UK Regulatory
TIDMPFP
RNS Number : 6283Q
Pathfinder Minerals Plc
01 December 2016
1 December 2016
This announcement contains inside information
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Issue of Equity
&
Appointment of Joint Corporate Broker
Pathfinder announces that it has raised gross proceeds of
GBP150,000 via a placing of 18,018,018 ordinary shares of 0.1p each
in the Company ("Ordinary Shares") at a price of 0.8325p per share
(the "Placing"). The proceeds will further aid Pathfinder in
pursuing the recovery of its mining licences with the ultimate
objective of resuming the development of the Moebase and Naburi
mineral sand deposits in Mozambique.
The Company has applied for the admission of the Placing shares
to trading on AIM and this is expected to take place on or around
15 December 2016 ("Admission"). Following Admission, the Company's
issued share capital will consist of 160,255,079 Ordinary Shares
with no Ordinary Shares held in treasury. Therefore, the above
figure of 160,255,079 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, Pathfinder under the FCA's Disclosure and Transparency
Rules.
The Company also announces that Beaufort Securities Limited, the
sole placing agent, has been appointed as joint corporate broker to
Pathfinder with immediate effect.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 3440 7775
WH Ireland Limited (Nomad and Joint Corporate Broker)
Paul Shackleton or James Bavister
Tel. +44 (0)20 7220 1666
Beaufort Securities Limited (Joint Corporate Broker)
Jon Belliss or Elliot Hance
Tel. +44 (0)20 7382 8300
Vigo Communications (Public Relations)
Ben Simons or Ali Roper
Tel. +44 (0)20 7830 9700
Email. pathfinderminerals@vigocomms.com
Notes to Editors:
Pathfinder Minerals Plc is incorporated in England & Wales
and is admitted to trading on the AIM market of the London Stock
Exchange.
CMdN, a subsidiary of Pathfinder, was issued mining concession
licences 760C and 4623C on 13 September 2004 and 13 July 2011
respectively, each for a period of twenty-five years. Taken
together, these mining concessions cover approximately 32,000
hectares of land on the Indian Ocean coast of the Zambezia province
of Mozambique, known to contain the heavy minerals, ilmenite,
rutile and zircon.
As announced on 3 February 2012, ownership of these licences is
being disputed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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